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Index Trend Analysis Report

Prepared for you on Friday, January 28, 2022.

NASDAQ Composite (NASDAQ:COMP)

Long-Term Downtrend (-90) - COMP is in a strong downtrend that is likely to continue. While COMP is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid COMP?

MarketClub looks at technical strength and momentum to determine if the timing is right for COMP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NASDAQ_COMP
Open High Low COMP Price Change
13436.71 13577.55 13236.56 13576.64 +223.86
Entry Signal

MarketClub’s Trade Triangles for COMP

long term down The long-term trend has been DOWN since Jan 20th, 2022 at 14181.69

intermediate term down The intermediate-term trend has been DOWN since Jan 10th, 2022 at 14860.04

short term down The short-term trend has been DOWN since Jan 14th, 2022 at 14782.24

Smart Scan Analysis for COMP

Based on our trend formula, COMP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for COMP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
13436.71 13577.55 13236.56 13576.64 +223.86
Prev. Close Volume Bid Ask Time
13352.78 0 2022-01-28 11:26:31
52wk High8133.352wk High Date2018-08-30
52wk Low6630.6752wk Low Date2018-02-09
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